Posted 11 months ago | by Catoshi Nakamoto

As the next unlock of Cartesi Tokens (CTSI) is set for July 23rd, 2021, we’re pleased to provide another official transparency report on the Cartesi Foundation’s governance, operations and how CTSI tokens are allocated in succession to our previous transparency reports.

CartesiJuly CTSI Foundation Reserve Transparency Report — July 2021

As a reminder and for transparency’s sake, anyone can view the current holdings and transactions of the Cartesi Foundation wallet here:

0x4B0B3C9506d5008FcCfb458361E06d28d4d3BCAD

The Current State of CTSI

The information provided below is dynamic in nature therefore, information presented may not reflect accurate estimations at time of reading.

The information below is taken as of July 8, 2021. For up to date information, please reference the CTSI page on Coinmarketcap or Coingecko.

Total Supply: 1,000,000,000 CTSI

Current Circulating Supply (July 8, 2021): 379,750,318 CTSI
Current Undiluted Valuation (July 8, 2021): $161,626,950

Total Diluted Valuation (July 8, 2021): $425,578,534
Current CTSI Price (July 8, 2021): $0.4256

The Current CTSI Allocation

  • Held in Wallets: 20,380,496.85 CTSI
  • Exchange Listings: 2,172,885.83 CTSI
  • Community Operations: 1,556,901.10 CTSI
  • Legal, Business Operations, and R&D: 67,892,986.37 CTSI
  • Partnerships: 50,000,000.00 CTSI
  • Marketing: 12,762,477.20 CTSI
  • Market Making: 63,721,121.38 CTSI
  • Staking: 9,800,001.00 CTSI

Total: 208,305,000 (20.83%) CTSI

July 23, 2021 Foundation Unlock

In addition, as a result of our IEO on Binance Launchpad, the Cartesi Foundation received half of its security deposit back in the amount of 16,666,666.5 CTSI, with the other half to be returned in the following year.

Where does the funding go?

  • Continued research and development of Cartesi’s technology
  • Marketing and community-based objectives
  • Legal expenses
  • Development grants

Internal governance consensus is reached by the Cartesi Foundation before devoting or expending CTSI to any event. The foundation reserve unlocks are vital for the development of Cartesi’s tech, bootstrapping its ecosystem, and for the operations of the foundation itself.

No entity or token holder is more interested in the health of CTSI’s economy than the Foundation itself for its entire existence and longevity. The Foundation liquidates only the amounts deemed necessary, remaining careful not to disturb the secondary markets of CTSI.

In total, 40.22% of the total CTSI supply is reserved for the Cartesi foundation and will be fully unlocked by July 23rd, 2023.

Supply Curve

CTSI will have no inflation until the mine reserve is completely depleted, which will happen no earlier than 2023.

CTSI Foundation Reserve Transparency Report — July 2021

The current state of the CTSI distribution curve:

Binance Launchpad Sale tokens comprise 10.00% of the total token supply.

  • This has been 100% allocated.

Seed Sale tokens comprise 2.00% of the total token supply.

  • 0.29% of the 2.00% has already been allocated through one previous unlock.
  • The next unlock will occur on July 23, 2021 in the amount of 2,857,143 CTSI.
  • Unlocks will occur on a quarterly basis thereafter and be fully unlocked on October 23, 2022

Private Sale tokens comprise 5.00% of the total token supply.

  • 0.56% of the 5.00% has already been allocated through one previous unlock.
  • The next unlock will occur on July 23, 2021 in the amount of 5,555,554 CTSI.
  • Unlocks will occur on a quarter basis thereafter and be fully unlocked on April 23, 2023.

Strategic Sale tokens comprise 0.67% of the total token supply.

  • This has been 100% allocated.

Team tokens comprise 15.00% of the total token supply.

  • 2.14% of the 15.00% has already been allocated through one previous unlock.
  • The next unlock will occur on October 23, 2021 in the amount of 21,428,571 CTSI.
  • Unlocks occur twice a year and be fully unlocked on April 23, 2024

Advisors tokens comprise 2.11% of the total token supply.

  • 0.33% of the 2.11% has already been allocated through one previous unlock.
  • The next unlock will occur on October 23, 2021 in the amount of 7,050,000 CTSI
  • The final unlock will occur on April 23, 2022

Foundation Reserve tokens comprise 40.22% of the total token supply.

Mining Reserve tokens comprise 25.00% of the total token supply.

Upcoming Next

To stay up to date, make sure to stay tuned to our Telegram announcements channel, follow our Twitter, or one of the many channels we put news out on.

About the Cartesi Foundation

The Cartesi Foundation actively makes decisions required to put our technology at the forefront of blockchain adoption. The foundation is committed to achieving this vision and the continued development of its roadmap. If you’re interested in proposing changes or contributing more, please check out our recently launched Cartesi Governance: Cartesi Improvement Proposals (CIP).

About Cartesi

Cartesi’s Ecosystem Links:

Website: https://cartesi.io

Explorer: https://explorer.cartesi.io

Discord (Development Community): https://discordapp.com/invite/Pt2NrnS

Twitter: https://twitter.com/cartesiproject

Telegram: https://t.me/cartesiproject

Telegram Announcements: https://t.me/cartesiannouncements

GitHub: https://github.com/cartesi

Reddit: https://www.reddit.com/r/cartesi/

Youtube: https://www.youtube.com/cartesiproject

Original article published on Cartesi’s Medium.

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g CTSI Foundation Reserve Transparency Report — July 2021Activist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.